Lakeshore Media Completes Acquisition of WSOS-AM/FM from WSOS-FM, Inc. & Westshore Bcstg.

B>FOR IMMEDIATE RELEASE

July 02, 2003

Lakeshore Media, LLC (Bruce Buzil & Chris Devine) has completed the acquisition of radio stations WSOS-AM/FM, licensed to St. Augustine Beach and St. Augustine, FL, from WSOS-FM, Inc. and Westshore Broadcasting, Inc. (Ed & Ron Roseman) for $4.0 million.

Eddie Esserman, G. Gregory Merrill and

George R. Reed represented the Buyers in this transaction.

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